Most-Upgraded StocksMost-UpgradedNASDAQ:OKTA Okta (OKTA) Stock Price, News & Analysis → SHOCKING Crypto Leak… (From Crypto 101 Media) (Ad) Free OKTA Stock Alerts $104.63 -0.29 (-0.28%) (As of 01:28 PM ET) Add Compare Share Share Today's Range$104.33▼$105.9550-Day Range$81.18▼$111.4952-Week Range$65.04▼$114.50Volume365,129 shsAverage Volume2.18 million shsMarket Capitalization$17.52 billionP/E RatioN/ADividend YieldN/APrice Target$100.39 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Okta alerts: Email Address Okta MarketRank™ Stock AnalysisAnalyst RatingHold2.35 Rating ScoreUpside/Downside4.4% Downside$100.39 Price TargetShort InterestHealthy1.79% of Shares Sold ShortDividend StrengthN/ASustainability-0.60Upright™ Environmental ScoreNews Sentiment0.60Based on 14 Articles This WeekInsider TradingSelling Shares$1.28 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.51) to ($1.18) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.06 out of 5 starsComputer And Technology Sector160th out of 587 stocksPrepackaged Software Industry47th out of 198 stocks 2.2 Analyst's Opinion Consensus RatingOkta has received a consensus rating of Hold. The company's average rating score is 2.35, and is based on 11 buy ratings, 20 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $100.39, Okta has a forecasted downside of 4.4% from its current price of $105.05.Amount of Analyst CoverageOkta has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.79% of the outstanding shares of Okta have been sold short.Short Interest Ratio / Days to CoverOkta has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently decreased by 19.84%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldOkta does not currently pay a dividend.Dividend GrowthOkta does not have a long track record of dividend growth. Previous Next 3.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreOkta has received a 47.62% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is false driven by its "Identity management software", "Network security software", and "Cloud security software" products. See details.Environmental SustainabilityThe Environmental Impact score for Okta is -0.60. Previous Next 3.1 News and Social Media Coverage News SentimentOkta has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Okta this week, compared to 13 articles on an average week.Search Interest86 people have searched for OKTA on MarketBeat in the last 30 days. This is an increase of 72% compared to the previous 30 days.MarketBeat Follows51 people have added Okta to their MarketBeat watchlist in the last 30 days. This is an increase of 143% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Okta insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,278,218.00 in company stock.Percentage Held by InsidersOnly 7.36% of the stock of Okta is held by insiders.Percentage Held by Institutions86.64% of the stock of Okta is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Okta are expected to grow in the coming year, from ($1.51) to ($1.18) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -48.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Okta is -48.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioOkta has a P/B Ratio of 2.99. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Huge AlertsTrending Stocks Sent To You In Real Time Sign up today and get instant access to our next stock alert! You do not want to miss out on this next pick! Our stock picks have been known to soar! Click To Get Our Next Alert About Okta Stock (NASDAQ:OKTA)Okta, Inc. operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials. It also provides Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Lifecycle Management enables IT organizations or developers to manage a user's identity throughout its lifecycle; Okta Identity Governance provides identity access management and identity governance solutions; Advanced Server Access offers access management to secure cloud infrastructure; Okta Privileged Access enables organizations to reduce risk with unified access and governance management for on-premises and cloud resources; and Okta Workforce Identity Workflows. In addition, the company offers Universal Login, which allows customers to provide login experience across different applications and devices; and Attack Protection, a suite of security capabilities that protects customers from different types of malicious traffic. Further, it provides Adaptive Multi-Factor Authentication, Passwordless, Machine to Machine, Private Cloud, Organizations, Actions and Extensibility, and Enterprise Connections. The company sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.Read More OKTA Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OKTA Stock News HeadlinesMarch 22, 2024 | insidertrades.comShibu Ninan Sells 4,279 Shares of Okta, Inc. (NASDAQ:OKTA) StockMarch 19, 2024 | insidertrades.comOkta, Inc. (NASDAQ:OKTA) Director Shellye L. Archambeau Sells 5,000 SharesMarch 28, 2024 | Crypto 101 Media (Ad)Crypto Market Preps For Trillions Worth of Inflows! Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.March 7, 2024 | marketbeat.comOkta Raises EPS Forecasts Despite High Profile Security BreachesOkta Inc. NASDAQ: OKTA is a cybersecurity company that specializes in identity and access management (IAM) solutions. The computer and technology sector firm helps companies protect against identity-based attacks by providing services aimed at securing employee and customer identities.March 7, 2024 | marketbeat.comOkta Raises EPS Forecasts Despite High Profile Security BreachesOKTA stock is moving higher after the company shrugged off analysts' concerns with a blowout earnings report in which the company raised its 2025 guidanceMarch 28, 2024 | msn.comOkta Stock (NASDAQ:OKTA): The Comeback Is Gaining MomentumMarch 27, 2024 | investorplace.com20%+ Gainers: This Month's 3 Biggest Stock MoversMarch 26, 2024 | financialpost.comCanada’s Identity Theft Worries Mount with AI Progression, Okta Survey FindsMarch 28, 2024 | DTI (Ad)the most reliable asset on earth is making a comebackGlobal tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.March 25, 2024 | msn.comOkta CEO: Top AI firms are asking us to keep their systems secureMarch 25, 2024 | markets.businessinsider.comNametag Launches Self-Service Account Recovery Solution That Stops AI-Generated Deepfake AttacksMarch 23, 2024 | americanbankingnews.comOkta, Inc. (NASDAQ:OKTA) CAO Shibu Ninan Sells 4,279 SharesMarch 22, 2024 | seekingalpha.comOkta: Time To Take Chips Off The Table (Rating Downgrade)March 22, 2024 | finance.yahoo.comOkta Inc (OKTA) Chief Accounting Officer Shibu Ninan Sells Company SharesMarch 21, 2024 | techrepublic.com6 Best Multi-Factor Authentication (MFA) Solutions for 2024March 21, 2024 | finance.yahoo.comIs It Time To Consider Buying Okta, Inc. (NASDAQ:OKTA)?March 20, 2024 | americanbankingnews.comOkta, Inc. (NASDAQ:OKTA) Given Average Recommendation of "Hold" by AnalystsMarch 19, 2024 | finance.yahoo.comOkta Ventures Unveils "The Identity 25" to Honor Pioneers Shaping the Future of Digital IdentityMarch 18, 2024 | finance.yahoo.comOKTA Apr 2024 90.000 putMarch 16, 2024 | finance.yahoo.comOKTA Mar 2024 120.000 putMarch 16, 2024 | finance.yahoo.comOKTA Mar 2024 107.000 putMarch 15, 2024 | ca.finance.yahoo.comOKTA Mar 2024 124.000 callMarch 15, 2024 | finance.yahoo.comOkta CEO explains what companies need most to repel cyberattacksMarch 12, 2024 | investorplace.com7 Cybersecurity Stocks That Meta Should Consider BuyingMarch 11, 2024 | investorplace.comChasing the Momentum Dream: 3 Stocks Leaving the Market in the DustMarch 10, 2024 | ca.finance.yahoo.comOKTA Mar 2024 121.000 callMarch 9, 2024 | finance.yahoo.comOKTA Mar 2024 145.000 callSee More Headlines Receive OKTA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Okta and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/28/2024Today3/28/2024Next Earnings (Estimated)5/29/2024Fiscal Year End1/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryN/A Current SymbolNASDAQ:OKTA CUSIPN/A CIK1660134 Webwww.okta.com Phone(888) 722-7871FaxN/AEmployees5,908Year Founded2009Price Target and Rating Average Stock Price Target$100.39 High Stock Price Target$140.00 Low Stock Price Target$70.00 Potential Upside/Downside-4.3%Consensus RatingHold Rating Score (0-4)2.35 Research Coverage31 Analysts Profitability EPS (Most Recent Fiscal Year)($2.17) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-355,000,000.00 Net Margins-15.69% Pretax Margin-14.89% Return on Equity-5.69% Return on Assets-3.67% Debt Debt-to-Equity Ratio0.20 Current Ratio1.67 Quick Ratio1.67 Sales & Book Value Annual Sales$2.26 billion Price / Sales7.76 Cash FlowN/A Price / Cash FlowN/A Book Value$35.17 per share Price / Book2.98Miscellaneous Outstanding Shares167,400,000Free Float155,077,000Market Cap$17.56 billion OptionableOptionable Beta1.00 Social Links The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. Todd McKinnon (Age 52)Co-Founder, Chairman & CEO Comp: $412.19kMr. Brett Tighe (Age 43)Chief Financial Officer Comp: $640.84kMr. Jacques Frederic Kerrest (Age 46)Co-Founder & Executive Vice Chairperson Comp: $543.39kMr. Sagnik NandyPresident & Chief Development Officer of Workforce IdentityMr. Eugenio PaceCo-founder & President of Business OperationsMs. Alvina Y. Antar (Age 49)Senior VP & Chief Information Officer Dave GennarelliVice President of Investor RelationsMs. Larissa Schwartz (Age 52)Chief Legal Officer & Corporate Secretary Mr. Eric KelleherPresident of Customer Experience & CommunicationsMr. Monty GrayExecutive Vice President of Corporate DevelopmentMore ExecutivesKey CompetitorsTyler TechnologiesNYSE:TYLNICENASDAQ:NICESS&C TechnologiesNASDAQ:SSNCNutanixNASDAQ:NTNXManhattan AssociatesNASDAQ:MANHView All CompetitorsInsiders & InstitutionsPNC Financial Services Group Inc.Sold 142 shares on 3/22/2024Ownership: 0.005%Shibu NinanSold 4,279 sharesTotal: $445,615.06 ($104.14/share)B. Riley Wealth Advisors Inc.Bought 556 shares on 3/15/2024Ownership: 0.002%Shellye L ArchambeauSold 5,000 sharesTotal: $534,800.00 ($106.96/share)Vanguard Group Inc.Bought 438,496 shares on 3/11/2024Ownership: 9.390%View All Insider TransactionsView All Institutional Transactions OKTA Stock Analysis - Frequently Asked Questions Should I buy or sell Okta stock right now? 31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 20 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" OKTA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OKTA, but not buy additional shares or sell existing shares. View OKTA analyst ratings or view top-rated stocks. What is Okta's stock price target for 2024? 31 Wall Street research analysts have issued 1 year target prices for Okta's shares. Their OKTA share price targets range from $70.00 to $140.00. On average, they predict the company's stock price to reach $100.39 in the next twelve months. This suggests that the stock has a possible downside of 4.4%. View analysts price targets for OKTA or view top-rated stocks among Wall Street analysts. How have OKTA shares performed in 2024? Okta's stock was trading at $90.53 at the start of the year. Since then, OKTA stock has increased by 16.0% and is now trading at $105.05. View the best growth stocks for 2024 here. Are investors shorting Okta? Okta saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 2,990,000 shares, a drop of 19.8% from the February 29th total of 3,730,000 shares. Based on an average daily trading volume, of 2,210,000 shares, the days-to-cover ratio is presently 1.4 days. View Okta's Short Interest. When is Okta's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024. View our OKTA earnings forecast. How were Okta's earnings last quarter? Okta, Inc. (NASDAQ:OKTA) posted its quarterly earnings data on Wednesday, February, 28th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.35. The company had revenue of $605 million for the quarter, compared to analysts' expectations of $586.25 million. Okta had a negative net margin of 15.69% and a negative trailing twelve-month return on equity of 5.69%. What ETFs hold Okta's stock? ETFs with the largest weight of Okta (NASDAQ:OKTA) stock in their portfolio include Global X Cybersecurity ETF (BUG), Sterling Capital Focus Equity ETF (LCG), Amplify Cybersecurity ETF (HACK), WisdomTree Cybersecurity Fund (WCBR), iShares Cybersecurity and Tech ETF (IHAK), SPDR S&P Internet ETF (XWEB), TrueShares Technology, AI & Deep Learning ETF (LRNZ) and American CenturyFocused Dynamic Growth ETF (FDG). What guidance has Okta issued on next quarter's earnings? Okta issued an update on its first quarter 2025 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of 0.540-0.550 for the period, compared to the consensus estimate of 0.420. The company issued revenue guidance of $603.0 million-$605.0 million, compared to the consensus revenue estimate of $584.9 million. What is Todd McKinnon's approval rating as Okta's CEO? 302 employees have rated Okta Chief Executive Officer Todd McKinnon on Glassdoor.com. Todd McKinnon has an approval rating of 95% among the company's employees. This puts Todd McKinnon in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Okta own? Based on aggregate information from My MarketBeat watchlists, some companies that other Okta investors own include NVIDIA (NVDA), Shopify (SHOP), Twilio (TWLO), Trade Desk (TTD), Block (SQ), Salesforce (CRM), PayPal (PYPL), Netflix (NFLX), Advanced Micro Devices (AMD) and Alibaba Group (BABA). When did Okta IPO? Okta (OKTA) raised $154 million in an IPO on Friday, April 7th 2017. The company issued 11,000,000 shares at a price of $13.00-$15.00 per share. Goldman, Sachs, J.P. Morgan Securities and Allen & Company served as the underwriters for the IPO and Pacific Crest Securities (a division of KeyBanc Capital Markets), Canaccord Genuity and JMP Securities were co-managers. Who are Okta's major shareholders? Okta's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.51%), Vanguard Group Inc. (9.39%), Sands Capital Management LLC (5.05%), Voya Investment Management LLC (2.84%), First Trust Advisors LP (2.47%) and Cerity Partners LLC (1.92%). Insiders that own company stock include Benjamin A Horowitz, Brett Tighe, Christopher K Kramer, Christopher K Kramer, Jacques Frederic Kerrest, Jonathan T Runyan, Jonathan T Runyan, Larissa Schwartz, Ledger Susan St, Robert L Dixon Jr, Shellye L Archambeau, Shibu Ninan, Todd Burrowes and Todd Mckinnon. View institutional ownership trends. How do I buy shares of Okta? Shares of OKTA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. Does Okta have any subsidiaries? The following companies are subsidiares of Okta: Azuqua, Azuqua Inc., Okta Australia Pty Limited, Okta France SAS, Okta GmbH, Okta Identity Netherlands BV, Okta SG Pte. Ltd., Okta Software Canada Inc., Okta UK LTD, ScaleFT, ScaleFT Inc., SpydrSafe Mobile Security, SpydrSafe Mobile Security Inc., Stormpath, and Workflow Automation.Read More This page (NASDAQ:OKTA) was last updated on 3/28/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeGrab Your Free Bitcoin Today!Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders Alliance“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisorySHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyBuy this small stock before coming AI Tidal WaveChaikin Analytics Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Okta, Inc. 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